**SCHEDULE 16** 

  

 **FORM OF LETTER OF CREDIT** 

  

 [GE Capital Aviation Services, Limited 

 Aviation House 

 Shannon 

 Co. Clare 

 Ireland] 

  

 [GE Capital Aviation Services, Inc. 

 201 High Ridge Road 

 Stamford, CT 06927] 

  

 Dated
                     

  

 This Letter of Credit is provided in connection with the lease of that ***[aircraft type]*** aircraft ***[serial no.]*** to
***[lessee******]***. This letter of credit however creates primary obligations on us and is independent from the lease. 

  

 On the instructions of ***[lessee]*** and for its account, we hereby establish this irrevocable Letter of Credit to authorize GE Capital Aviation Services, as
manager of the aircraft, to draw on [***appropriate branch/department details/address of issuing bank***] an amount or amounts not exceeding a total of USD ***[amount in figures*** (***amount in words]*** United States
Dollars) upon receipt by us of a signed demand certificate from you in the following format (with the square bracketed sections completed): 

  

 “On behalf of [***lessor name***], the undersigned as an authorized signatory or representative of GE Capital Aviation Services hereby draws upon your
irrevocable Letter of Credit dated [***date of this letter of credit***] and instructs you to transfer US$ [***amount in figures]*** (***[amount in words]*** United States Dollars) to [***insert appropriate bank
details****]* immediately.”